Sound Energy Plc · LSE:SOU
Sound Energy — Investor Presentation (November 2022)
18 slides from Sound Energy's investor presentation, November 2022
Slide 1: Fuelling the Energy Transition: Investment Summary
FUELLING THE ENERGY TRANSITION INVESTMENT SUMMARY November 2022
Slide 2: Value Proposition: Fuelling the Energy Transition
VALUE PROPOSITION: FUELLING THE ENERGY TRANSITION TODAY THE FUTURE TRANSITION ENERGY Delivering secure, affordable and sustainable energy FOCUSED replacing imported LPG, coal and Algerian gas Largest onshore operator in Morocco. Restructured business to include full cycle exploration, development, a
Slide 3: Morocco and Gas: A Compelling Case
MOROCCO AND GAS: Tahaddart Power 400 MW ME D I TERR AN EA N A COMPELLING CASE (Dhar Doum 4 x 400 MW) (Oued El Makhazine 2 x 400 MW) Oujda Ain Beni Mathar T I C • Morocco has historically imported 90% of all L AN Rabat (Al Wahda 4 x 400 MW) 120km T consumed gas from Algeria through the GME A Casablan
Slide 4: Gas Market Dynamics
GAS MARKET DYNAMICS: A compelling opportunity for Sound Energy across multiple markets SPANISH GAS IMPORT Spanish market > 30 BCM (1 Tcf) pa. • Spanish natural gas consumption in 2020 was 31 BCM SOURCES4 12 BCM (242 bcf) p.a. GME pipeline (1 Tcf), more than 30 times larger than Morocco’s capacity to
Slide 5: Tendrara Development Phase 1: Micro LNG
TENDRARA DEVELOPMENT PHASE 1: MICRO LNG N AN EA ME D I TERR Tangier • Contract with EPC contractor Italfluid Geoenergy Nador S.r.l to Design, Build, Operate and Maintain the Oujda Micro LNG plant as a leased facility T I C AN Kenitra • Financing loan note provided by Afriquia Gaz (part of TL A Rabat
Slide 6: Micro LNG: Commercial Summary
MICRO LNG: COMMERCIAL SUMMARY SOLID FUNDING AND BUSINESS PARTNERSHIPS ITALFLUID AFRIQUIA GAZ Italfluid Geoenergy S.r.l. Afriquia Gaz SA Micro LNG Plant to be designed, constructed, Substantial market share of LPG supply currently commissioned, operated and maintained by Italfluid with guarantees for
Slide 7: Tendrara Development Phase 2: CPF & Pipeline
TENDRARA DEVELOPMENT Tahaddart Power AN EA N TE RR PHASE 2: CPF & PIPELINE 400 MW ME D I (Oued RECOVERABLE RESOURCES OF 377 BCF (2C)1 (Dhar Doum El Makhazine 4 x 400 MW) GAS DISCOVERY AT THE TE-5 HORST 2 x 400 MW) Oujda Ain Beni COMPLETED: Mathar • 120km Tendrara Gas Export Pipeline Corridor ready T
Slide 8: Further Gas Exploration: Significant Potential for Scalable Growth
FURTHER GAS EXPLORATION: SIGNIFICANT POTENTIAL FOR SCALABLE GROWTH • We are the largest onshore permit holder in Morocco with approximately 28,000 square kilometres licensed 50 KM Planned Tendrara • Potential of continuity with the prolific Algerian Gas Export Pipeline Gas Discovery Triassic & Palae
Slide 9: Greater Tendrara & Anoual: Appraisal & Exploration Summary
GREATER TENDRARA & ANOUAL: Appraisal & Exploration Summary 50 KM Planned Tendrara Gas Export Pipeline Gas Discovery ANOUAL TAG I Feature Palaeozoic Feature Gas Pipeline Route Licenced Areas M5 TE-5 Horst TE-4 Horst SBK-1 GREATER TENDRARA Appraisal and Exploration Opportunity Summary Unrisked Volume
Slide 10: Positioning the Company for Growth Through the Energy Transition
POSITIONING THE COMPANY FOR GROWTH THROUGH THE ENERGY TRANSITION Since 2020, aside from the ongoing development of the Company’s existing portfolio, the Company has been assessing a basket of opportunities to build out, diversify and grow the business both organically and inorganically in Morocco an
Slide 11: Sound Energy: Financial Overview
SOUND ENERGY: FINANCIAL OVERVIEW KEY FINANCIAL PRIORITIES • Restructured €28.8M 5% senior secured notes Market Cap c.$32.4M $M1 • $18 million loan note completed • Revenue generation January 2024 Debt $M2 $30.4M • Continue to prudently manage costs • Re-baselined working capital level $14.2M Cash $M
Slide 12: A Sustainable Business Model with ESG at its Core
A SUSTAINABLE BUSINESS MODEL WITH ESG AT ITS CORE RE-CYCLE & GROW EVALUATE • Re-cycle cash and leverage • Evaluate our existing portfolio focusing on portfolio to fuel growth value extraction via a variety of sustainable • Leverage technical, financial energy transition strategies including and comm
Slide 13: Sound Energy: Fuelling the Energy Transition
SOUND ENERGY : FUELLING THE ENERGY TRANSITION FOCUSED Accretive Largest onshore operator in Morocco, a focused leadership team with a track near-term catalysts record of delivering targets having restructured the business. Substantial COMPELLING Experienced and focused portfolio exposed to attractiv
Slide 14: Investor website and contact details
Detailed information on our investor website: www.soundenergyplc.com questions@soundenergyplc.com chairman@soundenergyplc.com Slide 13 Disclaimer: The investment mentioned in this document may not be suitable for all recipients or be appropriate for their personal circumstances. The information in t
Slide 15: Appendix 1 - The Sound Energy Board and Leadership Team
APPENDIX 1 - THE SOUND ENERGY BOARD AND LEADERSHIP TEAM NEW LEADERSHIP TEAM RETAINING CORE KNOWLEDGE Graham Lyon Mohammed Seghiri Executive Chairman Chief Operating Officer An experienced oil and gas executive Over 23 years’ experience in leading with 40 years of technical, operational and complex E
Slide 16: Appendix 2 - Resources
APPENDIX 2 - RESOURCES The Company’s volumes and risk factors are presented in accordance with the updated and revised June 2018 SPE/WPC/AAPG/SPEE/SEG/SPWLA/EAGE Petroleum Resource Management System (“PRMS”). Contingent Resources are those quantities of petroleum estimated, at a given date, that are
Slide 17: Disclaimer
Disclaimer: This presentation and any additional documents handed out at any meeting (together the “Presentation Materials”) have not been approved by (i) the London Stock Exchange plc or by any authority which could be a competent authority for the purposes of the Prospectus Directive (Directive 20
Slide 18: Disclaimer continued
Disclaimer continued: Any recipient of these Presentation Materials who is in any doubt about the investment to which this presentation relates should consult an authorized person specializing in advising on investments of this kind. These Presentation Materials do not constitute a recommendation re